{"id":1991,"date":"2024-07-05T10:48:12","date_gmt":"2024-07-05T10:48:12","guid":{"rendered":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/?p=1991"},"modified":"2024-07-05T10:48:13","modified_gmt":"2024-07-05T10:48:13","slug":"how-a-weakening-el-nino-will-affect-global-sugar-production-and-summer-price-action","status":"publish","type":"post","link":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/how-a-weakening-el-nino-will-affect-global-sugar-production-and-summer-price-action\/","title":{"rendered":"How a weakening El Ni\u00f1o will affect global sugar production and summer price action"},"content":{"rendered":"\n<p><strong>&#8220;How a weakening El Ni\u00f1o will affect global sugar production and summer price action&#8221;<\/strong><\/p>\n\n\n\n<p><em>by Jim Roemer &#8211; Meteorologist &#8211; Commodity Trading Advisor &#8211; Principal, Best Weather Inc. &amp; Climate Predict &#8211; Publisher, Weather Wealth Newsletter&nbsp;<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u00a0Monday Evening Report: \u00a0June 10, 2024 \u00a0<\/strong><\/li>\n<\/ul>\n\n\n\n<p>The 20% collapse in sugar prices during the last few months was almost exclusively due to the onset of a huge 2023-2024 Brazilian coffee crop, combined with the stronger U.S. dollar. Following a stellar 2023 rally on global El Ni\u00f1o related production issues in Thailand (#3 biggest producer) and India (#2 largest producer), a speculative \u201cbubble\u201d hit the market.<\/p>\n\n\n\n<p>Currently, I am seeing weak El Ni\u00f1o conditions still lingering, and there is extreme heat and dryness in northern Brazil that could begin to affect the 2025 crop.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"649\" height=\"1011\" src=\"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-84.png\" alt=\"\" class=\"wp-image-1992\" srcset=\"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-84.png 649w, https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-84-193x300.png 193w\" sizes=\"(max-width: 649px) 100vw, 649px\" \/><\/figure>\n\n\n\n<p>My newsletter started becoming cautiously bullish two weeks ago near the lows. Of great importance will also be the demand side of the equation and the fate of this summer\u2019s Indian Monsoon.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"670\" height=\"731\" src=\"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-85.png\" alt=\"\" class=\"wp-image-1993\" srcset=\"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-85.png 670w, https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-85-275x300.png 275w\" sizes=\"(max-width: 670px) 100vw, 670px\" \/><\/figure>\n\n\n\n<p>I cover all Ag markets (as well as natural gas) with my \u201csentiment score-card\u201d known as the BestWeather Spider; also included are long-range forecasts and trade ideas.<\/p>\n\n\n\n<p>Will we switch to a La Ni\u00f1a soon? \u2026and if so,\u2026 How might this affect global sugar production and market prices?<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"300\" src=\"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-86-1024x300.png\" alt=\"\" class=\"wp-image-1994\" srcset=\"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-86-1024x300.png 1024w, https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-86-300x88.png 300w, https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-86-768x225.png 768w, https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-86-1536x450.png 1536w, https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-86.png 1868w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Please feel free to download one COMPLIMENTARY recent issue of WeatherWealth here > > > > >\u00a0<\/strong><a href=\"https:\/\/www.bestweatherinc.com\/weather-wealth-sample\/\"><strong>https:\/\/www.bestweatherinc.com\/weather-wealth-sample\/<\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"910\" height=\"607\" src=\"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-87.png\" alt=\"\" class=\"wp-image-1995\" srcset=\"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-87.png 910w, https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-87-300x200.png 300w, https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-87-768x512.png 768w\" sizes=\"(max-width: 910px) 100vw, 910px\" \/><\/figure>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><br>Thanks for your interest in commodity weather!<\/p>\n<\/blockquote>\n\n\n\n<p><em><strong>Jim Roemer, Scott Mathews, and The Weather Wealth Team&nbsp;<\/strong><\/em><\/p>\n\n\n\n<p>Mr. Roemer owns Best Weather Inc., offering weather-related blogs for commodity traders and farmers. He also is a co-founder of Climate Predict, a detailed long-range global weather forecast tool. As one of the first meteorologists to become an NFA registered Commodity Trading Advisor, he has worked with major hedge funds, Midwest farmers, and individual traders for over 35 years. With a special emphasis on interpreting market psychology, coupled with his short and long-term trend forecasting in grains, softs, and the energy markets, he established a unique standing among advisors in the commodity risk management industry.<\/p>\n\n\n\n<p><em>Trading futures and options involves a significant risk of loss and is not suitable for everyone. Past performance is not necessarily indicative of future results.&nbsp;<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/barchart-news-media-prod.aws.barchart.com\/IF\/1a578a0dcaca7fa7a047c801e31e401e\/nm7l5yi7rk6u99sa.png\" alt=\"Nm 7 l 5 yi 7 rk 6 u 99 sa\"\/><figcaption class=\"wp-element-caption\">\u201cYou can&#8217;t change the weather, but you can profit from it\u201d<\/figcaption><\/figure>\n\n\n\n<p><em>On the date of publication,&nbsp;<a href=\"https:\/\/www.barchart.com\/news\/authors\/63\/jim-roemer\">Jim Roemer<\/a>&nbsp;did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy&nbsp;<a href=\"https:\/\/www.barchart.com\/terms#disclosure\">here<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;How a weakening El Ni\u00f1o will affect global sugar production and summer price action&#8221; by Jim Roemer &#8211; Meteorologist &#8211; Commodity Trading Advisor &#8211; Principal, Best Weather Inc. &amp; Climate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1996,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,16],"tags":[],"class_list":["post-1991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-inside-futures","category-softs","entry","has-media"],"_links":{"self":[{"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/posts\/1991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/comments?post=1991"}],"version-history":[{"count":1,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/posts\/1991\/revisions"}],"predecessor-version":[{"id":1997,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/posts\/1991\/revisions\/1997"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/media\/1996"}],"wp:attachment":[{"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/media?parent=1991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/categories?post=1991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/tags?post=1991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}